Canadian U S Corporate Income Tax Rates As at July by ramhood17

VIEWS: 18 PAGES: 1

									                         Canadian/U.S. 2008 Corporate Income Tax Rates
                                        As at July 1, 2008


          45%

    M
          40%                                   39%        39%
    A
                                                                                                             38%
    R
    G                                 34%                                34%         34%         35%                   35%
          35%
    I
    N                                                                          31%         31%         31%         31%
    A     30%
    L
                            25%
          25%
     T
     A                                                                                                                         CANADA
     X    20%

                                                                                                                                 U.S.
     R
          15%   15% 15% 15%        15%       15%        15%        15%
     A
     T
     E    10%
     S
           5%


           0%
                 $0-50    $51-81   $82-100   $101-300   $301-335   $336-400     $400-      $10,001-    $15,001-    $18,334 +
                                                                                10,000      15,000      18,333

                                                   TAXABLE INCOME ($000'S)

                                         (Stated in Canadian Dollars exchange rate 1:1)
Notes:
1. Assumes U.S. corporation resident in Washington State and Canadian corporation resident in B.C.
2. Assumes “active” business operations. Passive income is taxed at 46.17% for Canadian corporations before refundable
   portions. Passive income is taxed at the same rates as active income in U.S. corporations.
3. Assumes Canadian income eligible for low rate (not eligible if not earned in Canada).
4. Canadian corporations eligible for manufacturing and processing deduction may be subject to lower tax rates.

								
To top